Three M Paper Boards Limited (BSE SME)
Jul 12, 2024 - Jul 16, 2024
| Price | ₹67 - ₹69 |
| Premium | ₹30 |
|---|---|
| Lot size | 2000 |
| Allotment | Jul 18, 2024 |
| Listing | Jul 22, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 138000 | 960 |
| HNI | 2 | 4000 | 276000 | 412 |
Last updated on 16 Jul 2024 05:26:58 PM
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 1096000 | 86992000 | 79.37 |
| HNIs | 824000 | 234856000 | 285.02 |
| Retail | 1920000 | 336368000 | 175.19 |
| Total | 3840000 | 658216000 | 171.41 |
| Total Applications: 183067 | |||
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹26.4 | @8% ₹30.17 | @9% ₹33.94 | @10% ₹37.72 | @11% ₹41.49 | @12% ₹45.26 |
Three M Paper Boards IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.26% | 1920000 |
| NII (HNI) | 14.28% | 824000 |
| Anchor | 28.45% | 1642000 |
| QIB | 18.99% | 1096000 |
| Market Maker | 5.02% | 290000 |
| Total | 100.00% | 5772000 |
Three M Paper Boards IPO Details
| Issue Size | 5,772,000 shares (aggregating up to ₹39.83 Cr) |
| Fresh Issue | 5,772,000 shares (aggregating up to ₹39.83 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 13,465,360 |
| Share holding post issue | 19,237,360 |
| Market Maker portion | 290,000 shares Comfort Securities |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 18.57% | 14.00% | 8.06% |
| ROCE | 19.71% | 15.44% | 12.93% |
| RONW | 18.51% | 14.00% | 8.06% |
| D/E | 1.19 | 1.73 | 1.92 |
| EPS (basic) | 8.6 | 5.05 | 2.50 |
| P/E Pre IPO | 8.19 | ||
| P/E Post IPO | 11.7 |
Company Financials
Three M Paper Boards Limited Financial Information (Restated Consolidated)
Three M Paper Boards Limited's revenue increased by 4.35% and profit after tax (PAT) rose by 101.96% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 19,519.88 | 18,942.55 | 18,150.44 | 14,225.50 |
| Revenue | 27,601.56 | 32,974.92 | 31,600.49 | 16,552.14 |
| Profit | 1,134.72 | 661.53 | 327.56 | 172.63 |
| Net Worth | 6,110.39 | 4,725.67 | 4,064.14 | 3,736.58 |
| Reserves | 4,763.85 | 4,070.65 | 3,409.12 | 3,081.56 |
| Borrowing | 7,264.08 | 8,182.40 | 7,802.06 | 5,353.41 |
| Amount in ₹ Lakhs | ||||
About Company
Three M Paper Boards Limited, established in July 1989, is a prominent manufacturer of high-quality recycled paper-based Duplex Board products, serving various industries such as food and beverage, pharmaceuticals, cosmetics, and consumer goods. Based in Mumbai with a manufacturing facility in Chiplun, Dist. Ratnagiri, Maharashtra, the company boasts a production capacity of 72,000 TPA of paper as of FY 2022-23. It maintains a robust nationwide presence through 25 dealers and a strong distribution network, ensuring accessibility across India. The company's commitment to excellence is evidenced by its export of products to over 15 countries in the Asia-Pacific, Middle East, Mediterranean, and African regions, meeting global standards. As of February 2024, Three M Paper Boards Limited employs 231 individuals across various departments, underscoring its role as a significant player in the packaging industry both domestically and internationally.
Strength Factors
Strong Brand Presence: With a 34-year history in the Duplex Paper industry, Three M Paper Boards Limited has established itself as a reliable and respected brand.
Experienced Leadership: The company benefits from experienced promoters and a proven track record, ensuring stable and effective management.
Diverse Product Portfolio: Catering to various consumer segments and markets, the company offers a diversified range of products that meet the needs of different industries, both domestically and internationally.
Risk Factors
Legal Proceedings: Ongoing legal issues involving the company, promoters, and directors could materially affect the business, operations, and financial health if adverse decisions are made.
Customer Dependence: The company's revenue is heavily reliant on a few significant customers, and losing any of them or experiencing a drop in demand could negatively impact financial performance and cash flow.
Negative Cash Flows: Past negative cash flows from operating, investing, and financing activities highlight potential financial instability and risk for the company's future operations.
Three M Paper Boards IPO Lead Manager(s)
- Comfort Securities Pvt Ltd
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html